Untitled Document

Our Affiliations • Internet Resources • Glossary of Terms

[A] [B] [C] [D] [E] [F] [G-H] [I-K] [L] [M]
[N-O] [P] [Q-R] [S] [T] [U-V] [W-Z]

-T-

Tax Loss Carry-forward
A loss that can be carried forward for a number of years to offset future taxable income and perhaps be utilized by another firm in a merger or an acquisition.

Technical Insolvency
When a firm is unable to pay its bills as they come due.

Temporary Current Assets
Current assets that will be reduced or converted to cash within the normal operating cycle of the firm.

Tender Offer Takeover
An unfriendly acquisition that is not initially negotiated with the management of the target firm. A tender off is usually made directly to the stockholders of the target firm.

Term Loan
An intermediate-length loan, in which credit is generally extended from one to seven years. The loan is usually repaid in monthly or quarterly installments over its life, rather than with one single payment.

Term Structure of Interest Rates
The term structure shows the relative level of short-term and long-term interest rates at a point in time.

Terms of Exchange
The buy-out ratio or terms of trade in a merger or an acquisition

Tombstone
An announcement of a closed transaction containing language that could include a public or private offering, placement of debt, or merger or acquisition of a company.

Transactor
Term which describes a professional intermediary.

Trend Analysis
An analysis of performance that is made over a number of years in order to ascertain significant patterns.

Trust Receipt
An instrument acknowledging that the borrower holds the inventory and proceeds for sale in trust for the lender.

Two-step Buy-out
An acquisition plan in which the acquiring company attempts to gain control by offering a very high cash price for 51 percent of the shares of the target company. At the same time the acquiring company announces a second lower price that will be paid, either in cash, stocks, or bonds, at a subsequent point in time.

Top of Page

[A] [B] [C] [D] [E] [F] [G-H] [I-K] [L] [M]
[N-O] [P] [Q-R] [S] [T] [U-V] [W-Z]

Our Affiliations • Internet Resources • Glossary of Terms